The Federal Government has introduced major new rules to change how ministries and agencies collect money.
The Office of the Accountant-General of the Federation has released four circulars that will move the entire system to a digital and cashless process.
The circular made available to journalists, shows that from January 1, 2026, only a new Federal Treasury e-Receipt will be accepted for all government payments, as part of efforts to block leakages, stop corruption, and improve transparency.
Under the new circulars released by the Office of the Accountant General of the Federation , and backed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun , all Ministries, Departments and Agencies will now adopt a tougher, technology-driven regime for revenue collection.
At the centre of the reforms is a strict ban on physical cash receipts and the end of unauthorised deductions at the point of revenue collection, a practice long blamed for leakages and weak accountability in government finances.
The circular further stated that from January 1st, 2026, a new digital issuance system known as the Federal Treasury eReceipt, or FTeR, will become the only valid and legally recognised proof of payment for all transactions involving the Federal Government. The FTeR is designed to eliminate fake receipts, manual fraud, and opaque paper acknowledgements that cannot be traced or audited.
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The reforms according to the circular, are powered by the full rollout of the Revenue Optimisation Platform , RevOp , a unified digital ecosystem that integrates the Treasury Single Account, GIFMIS, the Central Bank, NIBSS, the Federal Inland Revenue Service and all MDAs into one transparent financial environment.
Officials say the system enables real-time billing, reconciliation, and performance tracking, ensuring every naira collected is captured, accounted for and remitted to government coffers without deductions.
According to the Finance Ministry, the measures are expected to save the country billions of naira, plug revenue leakages, and strengthen the ongoing anti-corruption drive by reducing human discretion in revenue processes.
The circulars also align with the Minister’s wider fiscal agenda , one focused on technology-led reforms, boosting public confidence, and delivering a modern public finance management system comparable to global standards.
The reforms come as the government intensifies efforts to strengthen revenue mobilisation and improve fiscal stability. With the FTeR set for mandatory use in January 2026, and all federal MDAs migrating to the RevOp platform, analysts say citizens and businesses should expect faster, more secure, and more transparent payment interactions with government agencies.
(Editor: Terverr Tyav)
